Alterra Property Group

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Recently featured in the Philadelphia Business Journal, 17 Market West continues to set the pace for Center City leasing...
04/30/2026

Recently featured in the Philadelphia Business Journal, 17 Market West continues to set the pace for Center City leasing, reaching 90% occupancy in under a year.

“There’s certainly a tremendous amount of demand for people to live here in Center City. We’ve seen that firsthand.” — Connor Burke, Principal, Alterra Property Group

Explore what’s driving the shift and what’s next for Center City living. Read the article here: https://www.bizjournals.com/philadelphia/news/2026/04/27/center-city-apartment-vacancy-demand-multifamily.html

04/07/2026

Reimagining an icon in the heart of Philadelphia, our latest drone footage from .angles Angles offers a glimpse into the future of The Wanamaker Building, where historic grandeur meets modern living with over 600 loft apartments, retail, and office spaces. From thoughtfully designed residential amenities to a reactivation of the Grand Court through curated food, beverage, and cultural experiences, this transformation is about more bringing new energy while preserving a landmark.

Excited to be part of the team with redefining what adaptive reuse can look like at scale.

17 Market West officially took home 1st Place for Best Apartment Development (City) at the Philadelphia Business Journal...
03/31/2026

17 Market West officially took home 1st Place for Best Apartment Development (City) at the Philadelphia Business Journal 2025 Best Real Estate Deals awards!

As the largest office-to-apartment conversion in the city so far, this project represents a bold new chapter for Philadelphia’s downtown. We’re so proud of the team and honored to be recognized among such an impressive field of nominees.

Thank you to our incredible partners who helped bring this project to life: NORR , Clemens Construction Company, Bala Consulting Engineers, Eileen Tognini Design, Rittenhouse Communications Group, Blank Rome LLP, Neff, Wind River, and the PBJ judges' panel for the recognition!

We are honored to receive the 2026 CoStar Impact Award for Redevelopment of the Year in Philadelphia for our work on 17 ...
03/25/2026

We are honored to receive the 2026 CoStar Impact Award for Redevelopment of the Year in Philadelphia for our work on 17 Market West.

Transforming a 1950s-era office building into a vibrant 299-unit luxury community was a complex feat of engineering and design. This award is a testament to the hard work of our team and partners who saw the potential in 1701 Market Street.

A huge thank you to our incredible partners who helped make this vision a reality: NORR, Clemens Construction Company, Bala Consulting Engineers, Eileen Tognini Design, Rittenhouse Communications Group, Neff, Wind River, and the CoStar judges' panel for the recognition!

We are thrilled to share a look inside the Wanamaker building conversion!Together with , we are transforming this 115-ye...
02/13/2026

We are thrilled to share a look inside the Wanamaker building conversion!

Together with , we are transforming this 115-year-old landmark into 622 modern apartments.

At 1.4 million square feet, this isn't just a renovation—it’s a unique opportunity to preserve Philadelphia’s history while delivering a residential experience that is truly one-of-a-kind.

The Project Highlights:

- Unrivaled amenities: 100,000 square feet dedicated to resident amenity space, including a rooftop pool with City Hall views and a basketball court housed under the 35-foot pitched monitor roof on the 12th floor.

- Architectural heritage: preservation of 15-foot ceilings and historic interior beams, and uncovering the iconic 9th-floor glass skylight to restore natural light to the Grand Court.

- Unique living: Breaking the mold of "standard" floor plates to offer 90 unique unit styles, including soaring one-bedroom lofts.

- Vibrant mixed-use: throughout the conversion of the upper floors, the first three floors (formerly Macy’s) will feature prime retail, floors 4 and 5 will remain active office space, and the Crystal Tea Room will continue to host Philadelphia’s premier events on the 9th floor.

Transforming a landmark of this scale requires an incredible team. We are proud to collaborate with TF Cornerstone, and .are.pau on this exciting project!

Target Completion: Q2 2028

Check out the progress photos and the full story from the here: https://www.bizjournals.com/philadelphia/news/2026/02/04/inside-wanamaker-conversion-alterra-cornerstone.html

We are thrilled to see this 17 Market West resident spotlight featured in The Philadelphia Inquirer! This conversion pro...
01/29/2026

We are thrilled to see this 17 Market West resident spotlight featured in The Philadelphia Inquirer!

This conversion project transformed a vacant office building into 299 luxury one- and two-bedroom residences and breathed life into the city's business district with wellness-focused, state-of-the-art amenities and unmatched connectivity.

Residents Allison Levari and Frank DiMeo share how floor-to-ceiling windows and contemporary design have turned their corner unit into a sun-drenched sanctuary. We loved reading about how Allison and Frank brought their favorite memories and high-quality vintage finds to their new home at 17 Market West.

Read the full article to see the couple's stunning interior design selections and discover why our residents feel like they’re on a permanent vacation in the heart of Philly: https://www.inquirer.com/real-estate/home/a/alterra-conversion-morgan-lewis-building-apartments-interior-design-20260128.html

Happy New Year from all of us at Alterra!2025 was an incredible year, and we can't wait to see what 2026 holds.Wishing y...
01/01/2026

Happy New Year from all of us at Alterra!

2025 was an incredible year, and we can't wait to see what 2026 holds.

Wishing you a peaceful and prosperous year filled with plenty of reasons to celebrate!

Warmest wishes for a joyful holiday season from all of us at Alterra!We had a fantastic time wrapping up the year with o...
12/22/2025

Warmest wishes for a joyful holiday season from all of us at Alterra!

We had a fantastic time wrapping up the year with our annual ugly sweater party and a competitive White Elephant gift exchange.

Wishing you and yours a wonderful season of rest and celebration as we head into 2026!

At Alterra Property Group, we’re always looking for ways to make life at work a little easier, especially for new parent...
12/09/2025

At Alterra Property Group, we’re always looking for ways to make life at work a little easier, especially for new parents. We know that returning to work after having a baby can come with a lot of challenges, and we wanted to remove one of the biggest friction points: pumping at work.

That’s why we’ve partnered with MilkMate, a workplace solution that makes the process simple and stress-free. With MilkMate’s all-in-one setup, our mothers’ room just got a serious upgrade—no more packing, hauling, cleaning, or assembly. Everything’s ready to go, so parents can focus on what really matters (and get some real time back in their day).

Lacee shared: “Coming back from maternity leave is already daunting, however, it felt much less when I realized work had everything I needed to pump—private space, equipment, support. It’s enough to make the office feel more inviting than working from home. MilkMate has taken a huge weight off my shoulders, quite literally, and made the transition back to work significantly less stressful and my pumping goals more achievable.”

What you invest in says a lot about who you care about. For us, this partnership is one way of showing that we care deeply about the people behind the work.
We’re proud to make this small but meaningful change that helps working parents feel supported, valued, and at home here. Together with MilkMate, we’re redefining what it means to build truly family-forward workplaces.

A stellar close to 2025 for the Alterra Property Group Women's Forum! We wrapped up our final meeting of the year at wit...
12/04/2025

A stellar close to 2025 for the Alterra Property Group Women's Forum! We wrapped up our final meeting of the year at with a fantastic fireside chat with Philly's own Twin Sister Doctors, Dr. Delana Wardlaw, MD, FAAFP and Elana McDonald, MD on all things women's health. The women of APG got to delve into topics of wellness, prevention, and more, and connect over bites in the stunning resident lounge at 17 Market West.

Huge thank you to these two amazing physicians for sharing their invaluable wisdom with the AWF community and to our VP of HR, Tisia Baynes, for organizing this event!

We can't wait to kick of another fantastic year of the APG Women's Forum in 2026!

Learn more about The Twin Sister Docs nonprofit and their mission here: https://www.thetwinsisterdocs.com/

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414 S. 16th Street
Philadelphia, PA
19146

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